How safe is octopus energy from going bust?
One of the first energy suppliers to confirm they are safe, Octopus Energy's CEO, Greg Jackson, tweeted to say as a “global, very well-backed company we're fine”.Dec 1, 2021
Which energy companies are at risk of going bust?
Which energy companies have gone bust?
- Zog Energy (1 December)
- Entice Energy, including Entice Energy Supply Limited and Simply Your Energy Limited (25 November)
- Orbit Energy Limited (25 November)
- Neon Energy Limited (16 November)
- Social Energy Supply Ltd (16 November)
- CNG Energy (5 November)
Did octopus energy go bust?
Until now, Ofgem has allowed the energy companies to collapse, with their customers moved to a different supplier chosen by the energy regulator. The 22 suppliers who went bust had 2,076,800 customers between them, with Shell Energy, British Gas and Octopus Energy each taking on around 500,000 customers from them.
Which energy companies are in trouble UK?
Failed UK Energy Suppliers Update
Date | Supplier | Acquiring supplier |
---|---|---|
November 2021 | Neon Reef | British Gas |
November 2021 | Social Energy | British Gas |
November 2021 | CNG | Pozitive Energy |
November 2021 | Zebra Power | British Gas |
•Dec 1, 2021
Is Octopus energy still operating?
Ofgem, the energy regulator, has asked Octopus Energy to step in and look after Go Effortless's customers as the company have ceased trading. Over the next few weeks, we will transfer you to our award-winning customer service platform on one of our great value tariffs.
Are octopus energy in trouble?
The founder of Octopus Energy has said the company is safe, amid soaring gas prices and the collapse of a number of other energy firms. A handful of smaller energy companies have already gone bust.
Are octopus energy any good?
Octopus Energy has been a Which? Recommended Supplier for three years running, and has a whopping five stars on Trustpilot, with 92% of 32,000 reviewers rating it excellent (August 2020). Users have consistently praised the company's user-friendly, transparent information and its prompt customer service.
Are octopus Energy any good?
Octopus Energy has been a Which? Recommended Supplier for three years running, and has a whopping five stars on Trustpilot, with 92% of 32,000 reviewers rating it excellent (August 2020). Users have consistently praised the company's user-friendly, transparent information and its prompt customer service.